1.A company is adjusting net income to determine Net cash provided by operating activities for the statement of cash flows. The indirect method is

1.A company is adjusting net income to determine Net cash provided by operating activities for the statement of cash flows. The indirect method is used. Which statement is​ INCORRECT?

A.

An increase in a current liability is added to net income.

B.

A decrease in a current liability is added to net income.

C.

A decrease in a noncash current asset is added to net income.

D.

An increase in a noncash current asset is subtracted from net income.

2.Zebra Company reports the following figures for the years ending December​ 31, 2017 and​ 2016:

2017

2016

Net Sales

​$62,000

​$45,000

Cost of Goods Sold

​41,000

​37,000

Gross Profit

​$21,000

​$8000

What are the percentage changes from 2016 to 2017 for Net​ Sales, Cost of Goods Sold and Gross​ Profit, respectively?​ (Round your final answers to one decimal​ place, X.X%)

A.

​37.8%, 10.8%,​ 162.5%

B.

​162.5%, 37.8%,​ 10.8%

C.

​100%, 162.5%,​ 10.8%

D.

​100%, 0.9%,​ 0.4%

3.The following information pertains to ArizonaArizona